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Breaking News

Breaking: Carolina Hurricanes owner agrees to buy Trail Blazers for over $4 billion

Published

Jan 17, 2023; Denver, Colorado, USA; Detailed view of a Portland Trail Blazers logo warmup jersey before the game against the Denver Nuggets at Ball Arena. Mandatory Credit: Ron Chenoy-USA TODAY Sports

The Portland Trail Blazers are changing ownership. The owner of the NHL’s Carolina Hurricanes, Tom Dundon, has agreed to buy the Trail Blazers for over $4 billion.

 

The previous owner was Paul Allen, who co-founded Microsoft Corporation with Bill Gates. Allen passed away in 2018, and his sister, Jody Allen, ran his estate and the team. Allen’s estate has now agreed to sell to Dundon.

Related: The top 5 power forwards for the 2025-26 NBA season

Dundon purchased a stake in the Hurricanes in 2017 and became the team’s majority owner in 2018. He is also the owner of the retail site Pickleball Central.

With Damian Lillard back in Portland and now an ownership change, maybe we’ll see the Trail Blazers turn their luck around. Portland hasn’t made the postseason since the 2020-2021 season.

About the Author Published Aug 13, 2025

TITAN FREY

Titan Frey is a dedicated father to three wonderful children, whom he takes immense pride in. His passions include reading, writing, basketball, both playing and watching, and playing chess. Titan spent five years working as a journalist for the basketball website fadeawayworld.net, where he served as editor-in-chief for four and a half years. One of his most notable achievements was interviewing Chuck Cooper III, the son of Chuck Cooper, the first African American ever drafted by an NBA team, and writing a biography that has been praised as the most definitive article about Cooper’s legacy. Titan is the author of more than ten novels and the screenwriter of three produced short films. His newest young adult novel, Echoes of the Hardwood: Braxton Foxworthy’s Time‑Travelling Book Report, blends basketball history with heartfelt storytelling and is now available. Order here: https://a.co/d/bo7BYz1
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